Nomura Downgrades Himax Technologies (ADR) to Neutral

Brokerage firm Nomura Downgrades its rating on Himax Technologies (ADR)(NASDAQ:HIMX). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Nomura was issued on Sep 26, 2016.

In a different note, On Jul 5, 2016, Nomura said it Upgrades its rating on Himax Technologies (ADR). The shares have been rated ‘Buy’ by the firm.

Himax Technologies (ADR) (HIMX) made into the market gainers list on Thursdays trading session with the shares advancing 0.09% or 0.01 points. Due to strong positive momentum, the stock ended at $10.73, which is also near the day’s high of $10.85. The stock began the session at $10.84 and the volume stood at 12,15,285 shares. The 52-week high of the shares is $12 and the 52 week low is $5.77. The company has a current market capitalization of $1,845 M and it has 17,19,07,710 shares in outstanding.

Himax Technologies (ADR)(HIMX) last announced its earnings results on Aug 11, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $201.07M. Analysts had an estimated revenue of $198.61M. Earnings per share were $0.12. Analysts had estimated an EPS of $0.10.

Himax Technologies Inc. is a fabless semiconductor solution provider. The Company is engaged in display driver integrated circuits (IC) and timing controllers used in televisions laptops monitors mobile phones tablets digital cameras car navigation and other consumer electronics devices. The Company operates through two segments: Driver IC and Non-driver products. Additionally the Company designs and provides controllers for touch sensor displays Liquid crystal on silicon micro-displays used in palm-size projectors and head-mounted displays light-emitting diode driver ICs power management ICs scaler products for monitors and projectors video processing IC solutions and silicon IPs. It also offers digital camera solutions including Complementary metal–oxide–semiconductor image sensors and wafer level optics which are used in applications such as mobile phone tablet laptop televisions personal computer camera automobile security and medical devices.

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